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2025 U.S. Industry Statistics & Market Forecast - Ice Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Ice Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Ice Manufacturing industry include:- Increased demand for ice in hospitality and healthcare sectors
- Environmental regulations affecting production processes
- Rising energy costs impacting manufacturing expenses
- Technological advancements in ice production machinery
- Growing popularity of gourmet and specialty ice
- Shifts towards sustainable and eco-friendly packaging
- Climate change influencing seasonal demand patterns
- Expansion in online sales and direct delivery services
- Integration of IoT for efficient supply chain management
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Ice Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Ice Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Ice Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Food Preparation and Serving Related Occupations | 24% | |||
| Food and Beverage Serving Workers | 17% | |||
| Bartenders | 11% | |||
| Bartenders | 11% | |||
| Waiters and Waitresses | 5% | |||
| Waiters and Waitresses | 5% | |||
| Sales and Related Occupations | 13% | |||
| Office and Administrative Support Occupations | 5% | |||
| Installation, Maintenance, and Repair Occupations | 5% | |||
| Production Occupations | 22% | |||
| Other Production Occupations | 18% | |||
| Chemical Processing Machine Setters, Operators, and Tenders | 7% | |||
| Separating, Filtering, Clarifying, Precipitating, and Still Machine Setters, Operators, and Tenders | 7% | |||
| Packaging and Filling Machine Operators and Tenders | 8% | |||
| Packaging and Filling Machine Operators and Tenders | 8% | |||
| Transportation and Material Moving Occupations | 13% | |||
| Material Moving Workers | 8% | |||
| Laborers and Material Movers | 5% | |||
Ice Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Ice Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Ice Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Ice Manufacturing industry. |
Source:
Latest Industry News
- Phoenix advocates say woman detained by ICE not getting proper medical care - A local advocacy group is fighting for the release of Arbella “Yari” Rodriguez Marquez from ICE custody at the Eloy Detention Center due to her health’s rapid deterioration from cancer. Casey Torres reports. (07/05/2025)
- Eyeing Arctic dominance, Trump bill earmarks $8.6 billion for US Coast Guard icebreakers - President Donald Trump's massive tax and spending bill earmarks more than $8.6 billion to increase the U.S. Coast Guard icebreaker fleet in the Arctic, where Washington hopes to counter rising Russian and Chinese dominance. (07/03/2025)
- ICE arrests Julio Cesar Chavez Jr. 4 days after losing Jake Paul fight, ties to Sinaloa Cartel cited - DHS says that woman has prior connections to the Sinaloa Cartel through a past relationship with the now-deceased son of Joaquin “El Chapo” Guzman, the cartel’s infamous leader. U.S. Citizenship and Immigration Services referred Chavez’s case to ICE on December 17, 2024, labeling him an egregious threat to public safety. (07/03/2025)
- Mexican boxer Julio César Chávez Jr. arrested by ICE in California, DHS says - Julio Cesar Chavez Jr. has an active arrest warrant in Mexico for organized crime and trafficking firearms, and is believed to be a Sinaloa Cartel affiliate, according to the DHS. (07/03/2025)
- Kintyre deepens exec shake-up with new appointments - KINTYRE Holdings (JA) Limited is reshuffling its executive bench as it prepares for the next leg of growth, with Chairman and President Tyrone Wilson formally assuming the role of CEO at subsidiary Visual Vibe, and brand strategist Jasmin Aslan joining the parent company as chief business officer, effective July 1, 2025. (07/02/2025)
- Ice cream giant Golden North moves to Murray Bridge, leaving tiny SA town after 100 years - A new ownership group has taken over iconic South Australian ice cream maker Golden North with plans to relocate production to a new site in Murray Bridge. (07/01/2025)
- Marubeni enters US ice-cream market with Bubbies acquisition - Marubeni said the deal will “result in the delivery of high value-added food products to the growing US food market”. (06/30/2025)
- Dry ice can be used to suppress lithium battery fires - A Georgia-based fire safety company has introduced a unique fire suppression system for lithium battery setups. ELSA from Carver Fire is the first fire (06/30/2025)
- From chilled to spun - IT started with ice cream but now, Kande’s Delights is tapping into childhood nostalgia with a sweet new twist on cotton candy. Once a street-side indulgence spun fresh outside in a small pushcart, the sugary treat is now being reimagined, packaged, and brought to store shelves by the brand, keeping the magic of childhood alive. (06/29/2025)
- Nightingale Ice Cream Sandwiches invests $5.8M to open ice cream manufacturing facility in Virginia - The company’s new location will also serve as its corporate headquarters as it expands operations in Richmond. (06/26/2025)
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